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Antigua And Barbuda Touts Offerings In Singapore

by Mike Godfrey, Lowtax.net, Washington
04 November, 2014

The Prime Minister of Antigua and Barbuda promoted the nation's citizenship program at the 8th Henley and Partners Global Residence and Citizenship Conference in Singapore, telling delegates that Antigua and Barbuda is open for business.

The conference was attended by international investors, politicians, business executives, and academics.

Prime Minister Gaston Browne said: "Since June 2014, Antigua and Barbuda has benefited from an enhanced culture of corporate responsibility and accountability, as well as increased efficiency. Processes have been re-engineered, eliminating a number of bureaucratic impediments and we are in the process of introducing a new ICT governance platform that will see improvements in service delivery in all sectors of the economy."

The nation launched its economic citizenship program in October last year and the country has since ranked in the top five destinations for ultra high net worth investors by the Candy GPS Report.

In Antigua, the basic rate of income tax is 10 percent on income up to USD48,000, 15 percent on income up to USD120,000, 20 percent on income up to USD180,000, and a 25 percent rate levied on income thereafter. There is no capital gains or inheritance tax.

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